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S&P gives TSMC notes AA-
S&P said it gave TSMC Arizona Corp.’s planned drawdown from its $8 billion medium-term note program an AA- long-term issue rating. TSMC Arizona Corp. is a fully owned subsidiary of Taiwan Semiconductor Manufacturing Co. Ltd. TSMC guarantees the notes issued under the program.
The agency rates TSMC and the MTN program AA-.
TSMC Arizona intends to use the drawdown proceeds for general corporate purposes, including for financing the group's expansion in the U.S.
The outlook is stable.
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